Assertion (A): According to Keynes, Individuals Hold Either Cash or All

Multiple Choice

Assertion (A) : According to Keynes, individuals hold either cash or all bonds. Reasoning (R) : Because, according to him, the speculative demand for money is associated with uncertainty. Codes:

A) both (a) and (r) are correct and (r) is the correct explanation of (a) .
B) both (a) and (r) are correct, but (r) is not the correct explanation of (a) .
C) (a) is correct, but (r) is incorrect.
D) both (a) and (r) are incorrect.